South Korea's government said 13 automakers would recall about 110,000 vehicles equipped with Takata air bags.
The US in May announced a new round of recalls of Takata air bag inflators which have been linked to at least 14 deaths and more than 100 injuries and triggered the largest-ever auto recall. Since then, other countries have been announcing their own national recalls, Reuters noted.
Go deeper with GlobalData
According to the news agency report, South Korea's transport ministry said 221,870 vehicles made by 17 automakers have faulty Takata air bags. While 13 companies including Honda, Toyota, BMW and Audi plan to recall about 110,000, four others, including General Motors and Daimler's Mercedes-Benz, have not decided on their global recall plans.
In 2013, South Korea started recalls of 50,000 vehicles with defective Takata airbags, with nearly 45% of the models having replacement airbags by June this year, Reuters said.
A number of global automakers are working to replace as many as 100m defective air bag inflators worldwide.
Reuters earlier this week reported a plan to sell Takata to a rescuer, slated by year-end, is likely to extend into next year as some bidders want to drag the air bag maker through bankruptcy to wipe out most of its debt.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataCreditors such as Honda are likely to resist any bailout that includes bankruptcy because they would have to accept significant losses and the likely to and fro could take months to resolve.
Takata faces about JPY1 trillion (US$10bn) in costs to recall potentially faulty air bag inflators worldwide, according to market estimates plus likely legal liabilities related to the inflators which have been linked to at least 14 deaths, mainly in the United States.
The firm received bailout bids from five groups last week. Its steering committee hopes to name a sponsor next month and complete restructuring plans by December, reports said.
